Terreno Realty Corporation (TRNO)
Market Cap | 5.88B |
Revenue (ttm) | 365.40M |
Net Income (ttm) | 165.21M |
Shares Out | 99.74M |
EPS (ttm) | 1.79 |
PE Ratio | 32.94 |
Forward PE | 36.64 |
Dividend | $1.88 (3.19%) |
Ex-Dividend Date | Dec 13, 2024 |
Volume | 3,577,795 |
Open | 58.36 |
Previous Close | 58.62 |
Day's Range | 58.21 - 60.16 |
52-Week Range | 53.78 - 71.63 |
Beta | 0.92 |
Analysts | Hold |
Price Target | 69.00 (+16.97%) |
Earnings Date | Feb 5, 2025 |
About TRNO
Terreno Realty Corporation (“Terreno”, and together with its subsidiaries, the “Company”) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited. As of December 31, 2023, the Company owned 259 buildings aggregating approximately 16.0 million square feet, 45 improved land... [Read more]
Financial Performance
In 2023, Terreno Realty's revenue was $323.59 million, an increase of 17.15% compared to the previous year's $276.21 million. Earnings were $150.75 million, a decrease of -23.54%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for TRNO stock is "Hold." The 12-month stock price forecast is $69.0, which is an increase of 16.97% from the latest price.
News
Terreno Realty Corporation Acquires Property in Brooklyn, NY, for $156.3 Million
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Brooklyn, NY, for $156.3 Million.
Terreno Realty Corporation Sells Property in Newark, NJ for $29.8 Million
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Newark, NJ for $29.8 Million.
Sector Spotlight: Industrial REITs - Still A Real Estate Darling?
The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFF...
Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of tr...
Terreno Realty Corporation Acquires Property in Long Island City Queens, NY for $7.6 Million
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Acquires Property in Long Island City Queens, NY for $7.6 Million.
12 REITs Poised For Potential Outperformance
As REIT prices rise, high-yield opportunities dwindle, making this a good time to focus on dividend growth for better long-term returns. Dividend growth stocks, despite lower initial yields, can surpa...
Terreno Realty: Mixed Signals
Terreno Realty shifted focus from nominal growth to deleveraging, raising questions about internal valuation. The company has a distinguished and so far successful long-term investment philosophy. Des...
Terreno Realty Corporation Announces Lease in Avenel, NJ
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Avenel, NJ.
Terreno Realty Corporation Sells Property in Doral, FL, for $20.6 Million
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Doral, FL, for $20.6 Million.
Terreno Realty Corporation Announces Development Completion in Hialeah, FL
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Completion in Hialeah, FL.
Terreno Realty Corporation Announces Redevelopment Completion in Hawthorne, CA
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Redevelopment Completion in Hawthorne, CA.
Terreno Realty Corporation Sells Property in Union City, CA for $13.0 Million
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Sells Property in Union City, CA for $13.0 Million.
Terreno Realty Corporation Announces Lease Renewal in Jamaica Queens, NY
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease Renewal in Jamaica Queens, NY.
Terreno Realty Corporation Declares Quarterly Dividend, Announces New Stock Repurchase Program and Files Third Quarter 2024 Financial Statements
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Declares Quarterly Dividend, Announces New Stock Repurchase Program and Files Third Quarter 2024 Financial Statements.
Terreno Realty Corporation Announces Development Start in Hialeah, FL
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Development Start in Hialeah, FL -Building 34 70% pre-leased.
Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity.
FMR LLC Bolsters Stake in Terreno Realty Corp
On September 30, 2024, FMR LLC (Trades, Portfolio), a prominent investment firm, expanded its holdings in Terreno Realty Corp (TRNO, Financial) by acquiring an additional 1,460,862 shares. This transa...
Terreno Realty Corporation Announces Lease in Elizabeth, NJ
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in Elizabeth, NJ.
Terreno Realty Corporation Closes $800 Million Unsecured Credit Facility
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Closes $800 Million Unsecured Credit Facility.
Terreno Realty: Valuation Premium Makes It Inferior Pick In The Industrial Sector
Terreno Realty Corporation operates in high-density coastal markets with a strong portfolio, focusing on warehouse, light industrial, R&D, and transshipment properties. Despite market oversupply and c...
Terreno Realty: Strong NOI Growth Is Already Priced In
Terreno Realty is an industrial REIT focused on Warehouse/distribution properties, with the company's largest market being Northern New Jersey/New York City. The shares have marginally outperformed th...
Terreno Realty Corporation Announces Leases in Sunnyvale, CA
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Leases in Sunnyvale, CA.
Terreno Realty Corporation Announces Lease in San Leandro, CA
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease in San Leandro, CA.
Terreno Realty Corporation Announces Lease Renewal in Torrance, CA
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Announces Lease Renewal in Torrance, CA.
Terreno Realty Corporation Increases Quarterly Dividend by 8.9% and Files Second Quarter 2024 Financial Statements
BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation Increases Quarterly Dividend by 8.9% and Files Second Quarter 2024 Financial Statements.